secwatch.observer — SEC 8-K summary
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Issuer:     OXBRIDGE RE HOLDINGS Ltd (OXBR)
CIK:        0001584831
Form:       8-K
Filed at:   2022-03-30T23:59:59+00:00
Accession:  0001654954-22-004188
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Oxbridge Re swings to FY2021 profit of $8.6M on $9.2M SPAC unrealized gain
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- FY2021 net income $8.6M ($1.49 diluted EPS) vs net loss $50K (-$0.01) in FY2020.
- Q4 net income $1.6M ($0.27 diluted EPS) vs $181K ($0.03) in Q4 2020.
- Net premiums earned $965K in FY2021, up from $893K; loss ratio 16.4% due to Hurricane Ida.
- Expense ratio rose to 146.2% from 126.1%; combined ratio 162.6% due to Hurricane Ida losses and $181K uncollectible premiums.
- Cash and restricted cash $5.4M at year-end 2021, down from $7.5M; no debt.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1584831/000165495422004188/0001654954-22-004188-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1584831/000165495422004188/oxbr_8k.htm
  HTML page:      https://secwatch.observer/filing/0001654954-22-004188

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